either your primary or secondary reg is not cast in stone. Some prefer the bungeed system, some do not. Thinking that the entire diving community will be using the bungeed system so we can all be standardized is pure folly.
PRACTICE is the key. Where your octo is placed is inconsequential, if you do not practice this simple drill with your buddy. Know where your buddies safe second is and make sure they know where yours is. Even go over how you will maintain contact in the case of an OOA situation. Necklace or not, if you and your buddy are not sure what will happen in an OOA you put both of you in jeapordy.
MAINTAINING your octo/secondary/back-up/safe second is the next key. Make sure you try it out and that it deploys freely and easily. While it takes a second to put my octo into my "Scum ball" it takes NO time to pull it out. Make sure your buddy's octo works when you go over an OOA procedure. While putting a necklace on an octo will keep it out of the mud, it is surely not the only way to secure it from "dragging in the dirt". And it won't compensate for not taking care of it otherwise. Having an octo in the "golden triangle" does not make it unsafe or full of crap... you, the diver have control over that!!!
So either way you use it, make sure BOTH second stages are in top working order, are free of debris, and that at least one is easily deployed. Your buddy's too!